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Chariot Oil Share Chat (CHAR)



Share Price: 15.75Bid: 15.50Ask: 16.00Change: -0.25 (-1.56%)Faller - Chariot Oil
Spread: 0.50Spread as %: 3.23%Open: 16.25High: 16.25Low: 15.50Yesterday’s Close: 16.00


Share Discussion for Chariot Oil (CHAR)


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Bowlerscrew
Posts: 138
Off Topic
Opinion:No Opinion
Price:18.50
westhouse securities..
9 Jul '14
get your grubby little paws off my shares...i ain't selling to you or seymour price.....jokers the lot of you....bit like that brazil side.
 
Searcher
Posts: 36,129
Observation
Opinion:No Opinion
Price:18.50
Latest from the brokers
9 Jul '14
posted on iii.......

Northlands Capital issue a buy recommendation this morning, Canaccord issued the below yesterday.

The Moroccan 3D seismic was shot to try and determine the distribution of favourable porosity in the carbonate target and Chariot aims to have completed this process by late 1Q '15, potentially enabling drilling to commence by year-end '15.

Woodside is showing a vote of confidence in the project by farming in before the full technical picture has emerged, which could be indicative of a degree of competitive tension in the process. Chariot’s track record of securing farmouts is sustained.

The optional well carry is up to an agreed cap, which is in excess of the likely budgeted well cost of ~US$75m (dry hole cost, logging/testing would be extra).

Drilling activity offshore Morocco does remain contingent upon Woodside exercising its option, or Chariot securing another farmout, but this deal provides a welcome working capital injection for Chariot and provides a solid partner which could carry Chariot through drilling. From 2D seismic the JP-1 prospect has been identified on the Rabat Deep Offshore licence with prospective resources of 618mmbbls.
Pegasusmarine
Posts: 379
Off Topic
Opinion:Strong Buy
Price:18.75
FQ
8 Jul '14
And the good news - as posted earlier - is SHELL Murphy OMV and Impact oil all have recently bought acreage around 2714B ... and the market price our acreage at zero but the majors and super majors valued the acreage they farmed into much higher .. There are plenty of positives ..
Pegasusmarine
Posts: 379
Off Topic
Opinion:Strong Buy
Price:18.75
FQ
8 Jul '14
The TRP duster did not really impact us - because it was priced in. So I have to disagree with you on this occasion FQ.
FQ320MR
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:18.75
one
8 Jul '14
Thing I've learnt about BP as soon as they are involved things become murky, I remember way back Paul singing their virtues then having to go dumb for months.

On the BP PB will they won't they I take no comfort in some saying we won't be marked down, this is the AIM it's either good news and we MAY go up or bad news and we Will go down falls are never priced in they are used thus isn't 2008 ..

We have had two tier one farm outs that were marked as triggers neither has resulted in an mark up it tough out there !!

MR
mcfcnige
Posts: 2,832
Observation
Opinion:No Opinion
Price:18.75
View Thread (2)
RE: SHELL
8 Jul '14
PM.

If Shell are next door maybe somebody would be interested in partnering both 2714 A and B ?
Pegasusmarine
Posts: 379
Off Topic
Opinion:Strong Buy
Price:18.50
View Thread (2)
SHELL
8 Jul '14
Welcome sound chaser - Shell returned to Namibia after a very long absence. Having a supermajor next door to Chariots acreage is a great endorsement. 2714b holds much promise based on lessons learned from the 2714a drill...
mcfcnige
Posts: 2,832
Observation
Opinion:No Opinion
Price:18.75
View Thread (4)
RE: Namibia 2714 B
8 Jul '14
Soundchaser..

Welcome to the board..

Thanks for your insight, hopefully this will bode well for us going forward..
Soundchaser
Posts: 13
Observation
Opinion:No Opinion
Price:18.75
View Thread (4)
RE: Namibia 2714 B
8 Jul '14
That strikes me as very significant news - I hadn't realised that Shell had moved into this area. Having worked in Shell myself (though not in exploration), I can tell you that they are very risk averse. The fact that they have decided to enter this region (after many hours of scenario planning and cost-benefit analysis, I expect) means they are confident about what they think they will find. Let's hope that bodes well for Chariot...
mcfcnige
Posts: 2,832
Observation
Opinion:No Opinion
Price:18.75
View Thread (4)
RE: Namibia 2714 B
8 Jul '14
Hopefully ours will be sought after..

We need some news..



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